Samsung Bought Joyent Firm To Bolster Cloud And IoT services

Samsung Electronics announced on June 15 (local time) that it has acquired the U.S.-based cloud computing firm Joyent. The latest movement shows its intention to secure its own technological competence in order to meet growing demands of cloud services including the Internet of Things (IoT) and artificial intelligence (AI) as well as Samsung Pay.

Joyent specialises in IaaS, PaaS, scalable object storage and virtualisation, all of which will allow Samsung to boost cloud-based services for its smartphones and internet-connected devices.

Joyent added that the deal gives it the opportunity to expand its reach. “Until today, we lacked one thing,” wrote Joyent CEO Scott Hammond on Joyent’s company blog. “We lacked the scale required to compete effectively in the large, rapidly growing and fiercely competitive cloud computing market.”

Samsung, he said, will provide Joyent with the “scale” it needs, becoming an “anchor tenant” for Triton, Joyent’s converged data centre infrastructure and container solution, and the Manta object storage service.